Soybean Oil : Bull setup?

2024年9月1日

December beanoil is a high probable low area worth having a closer look as numerous projections and retracement confluencing at around the 37-38 cts.
The time taken in the bull market from March '20 to April '22 is almost the same time it took to retreat. At the recent low,it took 840 calendar days compared to 772 days of rise.
Supporting the high probability is the triple divergence of MACD.

2024年9月3日

註釋

Following up on the setup; there is a likely 5 wave sequence(hourly) to the upside which should call for more attention and also knowing your risk level. The presence of a positive divergence again gives weight to the possibility of the pending up turn.